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BMW is preparing for its second Chinese auto ABS of the year and is, once again, relying on a popular four-tranche, fixed rate/floating rate structure that it introduced to the market five months ago.

Jindal Steel & Power and Tata Steel are seeking covenant waivers on their respective offshore loans, putting the spotlight on tough conditions facing their industry. India’s steel companies, which expanded rapidly over the past few years, are strapped with a heavy debt burden amid lower earnings, forcing them to restructure their existing fundraisings. Shruti Chaturvedi reports.

International syndicated lending to Russia has been in the deep freeze for the last 12 months, with only a handful of safe, commodity-backed loans arranged. The European Council will review its sanctions on Russia in a few weeks, but don’t expect the market to thaw.

The Chinese auto ABS market is poised for a busy end of the year with BMW gearing up for its second transaction of 2015, returning with the Bavarian Sky China series.

The cost of pre-funding may be high, with few options to store cash safely at anything other than super low yields. But with an exceptionally busy January for public sector borrowers looming, the cost of waiting could be even higher.

The Total Loss Absorbing Capacity rule, years in the making, is finished. But no one has any idea how it will actually work.

Over the last decade no bank has drawn more criticism for executing CEEMEA bonds for low or no fees than Deutsche Bank. That the bank is now pulling back from this region should be an example to other banks, and to issuers, that it is difficult to build a sustainable business this way.

The IPO of Dali Foods has become a talking point among bankers that admire what they reckon is the first true bookbuilt equity transaction in Hong Kong in a long time. Their enthusiasm is rightly placed and the company’s tactic is positive for the rest of the year’s pipeline.

The Ranger went on the hunt for meditating bankers and found that each in the market has their own definition of inner peace.

Another week, another bank trying to figure out how cutting its workforce and assets might return it to profitability. Step forward Standard Chartered, where new chief executive Bill Winters felt the time was right to reveal the path back to profit.

The green bond market is heating up after a record breaking month in October. Now November is set to be a month to remember when the history of the asset class is written, write Craig McGlashan and Tyler Davies.

Turkish sovereign and bank bonds initially rallied 20bp-30bp on Monday on the Justice and Development (AKP) party’s election victory in Turkey, but investors should remember that this is short term relief, not a long term fix.